EX-11.1 2 dex111.htm STATEMENT OF COMPUTATION OF EARNINGS PER SHARE Statement of Computation of Earnings Per Share

EXHIBIT 11.1

STATEMENT OF COMPUTATION OF EARNINGS PER SHARE

 

     Three Months Ended
September 30, 2006
   Three Months Ended
September 30, 2005
     Shares    Earnings
Per Share
   Shares    Earnings
Per Share
     (in Thousands)    (in Thousands)

Basic Weighted Average Shares Outstanding

   7,182    $ 0.36    7,144    $ 0.32
                       

Diluted

           

Average Shares Outstanding

   7,182       7,144   

Common Stock Equivalents

   0       28   
               
   7,182    $ 0.36    7,172    $ 0.31
                       
     Nine Months Ended
September 30, 2006
   Nine Months Ended
September 30, 2005
     Shares    Earnings
Per Share
   Shares    Earnings
Per Share
     (in Thousands)    (in Thousands)

Basic Weighted Average Shares Outstanding

   7,176    $ 1.05    7,144    $ 0.93
                       

Diluted

           

Average Shares Outstanding

   7,176       7,144   

Common Stock Equivalents

   1       30   
               
   7,177    $ 1.05    7,174    $ 0.93